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Fenty - Name Your Price

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Paris Mariner
November 7, 2018, 11:55am Report to Moderator
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Quoted from Cloudy
The club is a PLC, are you suggesting we dissolve the current business and then set up a new one with 5000 shares of £350??

The PLC malarky is hugely complicated and not something that can be resolved simply or without significant cost.

JF seems to value the PLC status as Grimsby's only locally based PLC but the rules with it are extremely restrictive & complicated


Raising £1.7M would be a significant start to bringing about change though. We either do something or we don't.


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psgmariner
November 7, 2018, 11:59am Report to Moderator

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Quoted from Paris Mariner


Raising £1.7M would be a significant start to bringing about change though. We either do something or we don't.


Agreed. Will be interesting to see your poll results.


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louth_in_the_south
November 7, 2018, 12:08pm Report to Moderator

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It wouldn’t be 5000 people from Gy tho would it ? There’s many 1000s of gtfc fans across the country and world , many of whom have done well for themselves and have to watch from a far as the club is run into the ground. It’s these silent majority who could achieve the numbers required imo


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1mickylyons
November 7, 2018, 12:20pm Report to Moderator
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JF could if he wanted sit down with the MT and simply say my shares are for sale I want out. Let`s say for arguments sake they agree each share is worth £100 and they equate to £2M TOTAL VALUE. John being the Town fan who wants to do the right thing as custodian without financially ruining the Club but at the same time getting his money back could consider this......

The MT/Others agree to buy a minimum 100k of shares a Season over 20 years interest free and buy him out. If in the meantime another party came in wanting to buy the Club they would have to jointly agree to the sale irrespective of who had most shares at THAT time.

If John Fenty genuinely wants out of GTFC but simply wants some or all of his money back then it can be done it just might not get done with 2M being handed over in one go.

Could an individual walk into a bank and borrow x amount of money and buy the Club ? Not sure of the details but pretty sure it`s what the Glazers did with Man Utd?
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psgmariner
November 7, 2018, 12:32pm Report to Moderator

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Worth remembering that Fenty doesn't own 100% of the club. There are other shareholders as well. This pot of money would not be enough to buy the club just one man's shares.

This from October 2017 shows how many shareholders we have:

https://document-api-images-pr.....8a83677803b5dddd1aca


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AndyDarloFC
November 7, 2018, 12:36pm Report to Moderator
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We have did something similar over the last 6 and a bit years since we got demoted down the leagues and over a continuous period, we've raised £1 million.

https://darlingtonfc.co.uk/news/darlington-fans-raise-1-million-for-their-club-in-six-years

January 2012 Initial club rescue                                               £50,000
March 2012 A share funds                                                       £20,000
June 2012 Ordinary equity share issue                                    £128,835
April 2014 Squareknot equity share issue                                £55,053
May 2015 Launch of 500 club                                                  £285,000
August 2016 Community Share issue 1                                   £100,000
Sept 2016 500 club extension                                                  £29,000
Sept 2016 500 club new members                                           £26,000
Dec 2016 Dugouts and goal posts                                            £8,000
May 2017 Community share issue 2 – pitch                             £43,850
July 2017 Community Share issue 2 seats 1/3                         £39,650
Sept 2017 Boost the Budget                                                     £40,000
Sept 2017 Community Share issue 2 seats 2/3                        £37,750
Dec 2017 Sponsor Your Seat                                                    £8,095
Dec 2017 Community Share issue 2 seats 3/3                         £33,200
Dec 2017 Ground development fund                                        £12,035
Lottery ongoing                                                                         £61,125
Feb 2018 500 club extension                                                    £60,000

With the right personnel, you could raise a substantial amount.

Personally, I've invested over £6,000 in that time period. I also have a direct debit set up each month worth £30 going to the club with me expecting nothing back in return.


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We will be back. One day. Someday, somehow!

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1mickylyons
November 7, 2018, 1:01pm Report to Moderator
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Quoted from AndyDarloFC
We have did something similar over the last 6 and a bit years since we got demoted down the leagues and over a continuous period, we've raised £1 million.

https://darlingtonfc.co.uk/news/darlington-fans-raise-1-million-for-their-club-in-six-years

January 2012 Initial club rescue                                               £50,000
March 2012 A share funds                                                       £20,000
June 2012 Ordinary equity share issue                                    £128,835
April 2014 Squareknot equity share issue                                £55,053
May 2015 Launch of 500 club                                                  £285,000
August 2016 Community Share issue 1                                   £100,000
Sept 2016 500 club extension                                                  £29,000
Sept 2016 500 club new members                                           £26,000
Dec 2016 Dugouts and goal posts                                            £8,000
May 2017 Community share issue 2 – pitch                             £43,850
July 2017 Community Share issue 2 seats 1/3                         £39,650
Sept 2017 Boost the Budget                                                     £40,000
Sept 2017 Community Share issue 2 seats 2/3                        £37,750
Dec 2017 Sponsor Your Seat                                                    £8,095
Dec 2017 Community Share issue 2 seats 3/3                         £33,200
Dec 2017 Ground development fund                                        £12,035
Lottery ongoing                                                                         £61,125
Feb 2018 500 club extension                                                    £60,000

With the right personnel, you could raise a substantial amount.

Personally, I've invested over £6,000 in that time period. I also have a direct debit set up each month worth £30 going to the club with me expecting nothing back in return.


Spot on Andy and the OP campaign showed what can be done with some hard work.Of course it would be far more difficult to sustain that kind of cash flow year upon year but if like Lincoln you can build some momentum anything can happen. John Fenty is whether we or indeed he like it or not the main problem holding back this football club but realistically he is the only one who can change that.
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Ipswin
November 7, 2018, 1:05pm Report to Moderator
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According to old Shut Up the only offer to buy the club was from some American fools who allegedly wanted to buy but only if they owned 100% of the shares (not just Fenty's but yours and mine too)

Rather than a large number of people all buying blocks of shares from Fenty and any new owner having to answer to dozens of diverse nutters better surely for a new owner to buy all Fenty's holding in one lump and pay Fenty his £2m  loan back at £x per season. That way Fenty does not have to walk away from his benign loan (be fair, would you?) the new owners would be the major shareholder with the fans still having a little slice for posterity

Another option of course would be to leave Fenty with his shares (whatever anyone says he does love the club and they're worth intercourse all anyway) The new owner buys him out benign loan-wise in installments if need be or preferably makes him a lower offer which Fenty wanting to recoup some money can't refuse whilst purchasing sufficient new shares (I understand there is no limit to how many are available) to give him control thus removing Fenty as the majority holder.

To all those willing to pay £350 for one share mine are available at £200 each


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1mickylyons
November 7, 2018, 1:08pm Report to Moderator
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Quoted from Ipswin
According to old Shut Up the only offer to buy the club was from some American fools who allegedly wanted to buy but only if they owned 100% of the shares (not just Fenty's but yours and mine too)

Rather than a large number of people all buying blocks of shares from Fenty and any new owner having to answer to dozens of diverse nutters better surely for a new owner to buy all Fenty's holding in one lump and pay Fenty his £2m  loan back at £x per season. That way Fenty does not have to walk away from his benign loan (be fair, would you?) the new owners would be the major shareholder with the fans still having a little slice for posterity

Another option of course would be to leave Fenty with his shares (whatever anyone says he does love the club and they're worth intercourse all anyway) The new owner buys him out benign loan-wise in installments if need be or preferably makes him a lower offer which Fenty wanting to recoup some money can't refuse whilst purchasing sufficient new shares (I understand there is no limit to how many are available) to give him control thus removing Fenty as the majority holder.

To all those willing to pay £350 for one share mine are available at £200 each


Can`t you just buy him out Swin
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psgmariner
November 7, 2018, 1:14pm Report to Moderator

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